CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current Assets
Cash	$ 176,520	$ 2,941
Accounts receivable - less allowance for doubtful accounts of $395,928, and $200,000 for March 31, 2015 and December 31, 2014, respectively	32,407	41,565
Accounts receivable - affiliates	125,056	124,367
Note receivable - less allowance for doubtful accounts of $350,000 and $0, for March 31, 2015 and December 31, 2014, respectively	0	0
Prepaid expenses	14,317	21,846
Total current assets	348,300	190,719
Fixed Assets
Furniture and equipment	46,883	46,883
Accumulated depreciation	(19,581)	(17,965)
Total furniture and equipment	27,302	28,918
Oil and gas properties, net of impairment (successful efforts method)	3,767,267	2,838,573
Accumulated depletion, depreciation and amortization	(1,780,232)	(1,942,380)
Total oil and gas properties, net	1,987,035	896,193
Other Assets
Deferred debt financing costs, net	77,677	87,883
Total Assets	2,440,314	1,203,713
Current Liabilities
Accounts payable	1,930,857	1,119,896
Accrued liabilities	228,537	221,209
Accrued liabilities - affiliates	277,157	477,934
Liability for unauthorized preferred stock issued	9,283	9,283
Revolving credit facility current portion	800,000	800,000
Note payable	250,000	0
Asset retirement obligations	17,616	3,721
Total current liabilities	3,513,450	2,632,043
Other Liabilities
Asset retirement obligations	32,161	40,493
Total long term liabilities	32,161	40,493
Total liabilities	3,545,611	2,672,536
Stockholders' Equity
Common stock, $0.001 par value, 47,500,000 shares authorized, 29,302,826 shares and 29,202,826 shares issued and outstanding for March 31, 2015 and December 31, 2014, respectively	29,303	29,203
Additional paid-in capital	35,071,268	34,974,441
Accumulated deficit	(41,658,399)	(40,111,826)
Total Victory Energy Corporation stockholders' deficit	(6,557,828)	(5,108,182)
Non-controlling interest	5,452,531	3,639,359
Total stockholders' equity	(1,105,297)	(1,468,823)
Total Liabilities and Stockholders' Equity	$ 2,440,314	$ 1,203,713